Vestland wins RM135 mil construction job in Klang

KUALA LUMPUR (June 26): Vestland Bhd (KL:VLB) said it has won a construction contract worth RM135 million under an industrial development project in Bukit Raja, Klang.

The contract from Golden Armani Sdn Bhd involves superstructure works for one block of nine-storey factory and the related facilities, Vestland said in an exchange filing. The scope covers from design to commissioning of the superstructure, the company noted.

Works are expected to be completed within 36 months from the start date to be notified later, Vestland added.

Golden Armani is involved in several businesses including property development, construction, money-lending services, and investment holding, as well as trading services.

Shares of Vestland ended flat at 60 sen on Friday, giving the company a market value of RM567 million ahead of the contract announcement. The stock has gained nearly 40% year-to-date.

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